Sanyo jettisons Kyocera

Sanyo jettisons Kyocera

October 12, 2015

Electronics group Sanyo is close to closing an agreement which would see it’s struggling mobile phone business to Kyocera.

The move comes as part of a larger restructuring scheme currently under way at Sanyo.

Sanyo confirmed on Thursday that Kyocera had priority biding rights to purchase it’s mobile phone division.

The business is valued at around seventy billion yen but Sanyo hasn’t yet publicly confirmed how much they expect to receive.

Sanyo is expected to focus on solar cells and batteries, the change has been caused by the firm’s poor performance since it has lost losses for three successive years.

The loss is blamed on the saturation of the Japanese mobile market with handsets, which has forced Japanese phone firms to expand over seas and directly into competition with phone giants Nokia and Motorola.

On top of selling it’s phone division Sanyo is also looking to sell it’s chip division.

Tim Yeo

Related Posts

Motorola seeks salvation in Android

Comments Off on Motorola seeks salvation in Android

Tariam BGAN X-Stream goes live

Comments Off on Tariam BGAN X-Stream goes live

Mobile modem sales $22bn by 2013

Comments Off on Mobile modem sales $22bn by 2013

Handset makers in Taiwan anticipate smartphone orders from top brands

Comments Off on Handset makers in Taiwan anticipate smartphone orders from top brands

Belfast becomes wireless city

Comments Off on Belfast becomes wireless city

Motorola to layoff 4,000 workers

Comments Off on Motorola to layoff 4,000 workers

Jupiter Research predicts two-tiered net

Comments Off on Jupiter Research predicts two-tiered net

Spain’s first HD channels launched

Comments Off on Spain’s first HD channels launched

MEPs vote to cut roaming charges

Comments Off on MEPs vote to cut roaming charges

BT lets businesses create Wi-Fi hotspots

Comments Off on BT lets businesses create Wi-Fi hotspots

Digital Inclusion Project in Renfrewshire addresses 2,600 households

Comments Off on Digital Inclusion Project in Renfrewshire addresses 2,600 households

400,000 Belgium digital TV customers for Telenet

Comments Off on 400,000 Belgium digital TV customers for Telenet

Create Account



Log In Your Account